ADMS 4501B Advanced Portfolio Management

Fall 2015 Outline (as of Aug 7)

Section A: Tuesday : 11:30am-2:30pm

Room: HNE 035
Instructor : Lois King
Email : loisking@yorku.ca
Moodle
All files you will need for this 4501 course are kept on a platform called Moodle.
Please see Page 3 for accessing Moodle
Calendar Description:
This course undertakes a rigorous study of the theory and empirical evidence
relevant to professional portfolio management. Students learn tools which enable
them to manage risks, allocate among asset classes, detect mispriced securities,
and measure the performance of portfolio managers.
Prerequisite / Co-Requisite:
Prerequisites: AK/ADMS 3330 3.00; AK/ADMS 3531 3.00.
(please note you will be de-enrolled if you do not have these pre-reqs)
Course credit exclusion: AK/ADMS 4500 3.00 (prior to Summer 2006).
Required Course Text / Readings:
Investment Analysis and Portfolio Management, FIRST CANADIAN EDITION
Authors: Reilly, Brown, Hedges, Chang (Publisher: Nelson 2010)
Additional Readings will be assigned
Expanded Course Description:
This course takes both a theoretical and real-world approach to studying portfolio
management. It includes both an overview of modern portfolio theory as well as
practical economic, industry and equity analysis. Current real-world issues such
as the global financial crisis are incorporated into the course and students are
expected to be ready to discuss current events as they affect portfolio
management. Guest speakers from the financial industry make regular
appearances. Group assignments and presentations are part of the course.

Organization of the Course:

Lecture
Date:

TENTATIVE
Material:

Sept 15

Overview of Portfolio Management

Ch.1 - The Investment Setting
Ch.3 - Global Investing (p.51- 57; 66-68 only)
Summary of the 2008 Financial Crisis

Sept 22

Ch.2 - The Asset Allocation Decision

Articles: What went wrong at Harvard and U of T?
Sick Kids Foundation
Group Presentation Topics assigned

Sept 29

Ch.8 - Economic & Industry Analysis

Group Presentation check-in outline /draft slides
required by Monday Oct 5 at 10pm (Submit online to your
instructor) (worth 5%)

Oct 6

Ch.6 - Review of MPT (self study!)

Ch.7 - Asset Pricing Models (CAPM & APT)

Oct 13

No class either section

(Thanksgiving)

Sunday Oct 18
2pm to 4pm
Room: TBA

Midterm Exam #1 (30%):

The midterm exam will cover topics taught in Lectures 1 to 4

Oct 20

Ch 9 - Stock Analysis (p 231-247;255-257;266-269) plus

CIBC handout

Oct 27

Ch.17 - Money Management & Alternative Investments

(p.531-558 only)

Nov 3

Ch.11 - Bond Fundamentals (self- study)

Ch.16 - Bond P/M Strategies (pages 492-510;516-518)
Ch 15 - Equity P/M Strategies (pages 455-477)

Nov 10

Guest Speaker Class

Sunday Nov 15
2pm to 4pm
Room: TBA

Midterm Exam #2 (35%):

This midterm exam will cover topics taught in Lectures 5-7

Nov 17

Group Presentations

10

Nov 24

Group Presentations

Dec 1

In-class Final Exam (20%) 90 minutes

The final test will cover Lectures 8-10

Weighting of Course
Group Presentation 15%
Midterm Exam 1 30%
Midterm Exam 2 35%
Final Exam 20%
Additional Information/Notes:
Moodle
All files you will need for this 4501 course are kept on a platform called Moodle.
You can access Moodle two ways:
1. Click on the Moodle folder on the right-hand side of the regular York course
website (see URL on top of previous page)
2. Go to York's Moodle site: https://moodle.yorku.ca
Login on top right-hand corner with your Passport York ID and password.
Click on AP/ADMS 4501 B Advanced Portfolio Management link

MISSED EXAMS
Please note that if a student misses a midterm or final exam due to a medical
reason, an Attending Physicians Statement (not just a medical note) will be the
required standard documentation.
There are no alternate midterms or alternate final exams.
If one or both midterm exams is/are missed for a legitimate reason, the student
will be required to write a comprehensive exam at the next exam date. If the final
exam is missed, the student will be required to request deferred standing.
Deferred Standing Missed Final Examination
Deferred standing may be granted to students who are unable to write their final
examination at the scheduled time or to submit their outstanding course work on
the last day of classes. In order to apply for deferred standing in an ADMS class,
students must register at http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf.
Immediately after registering, hand in a completed DSA form (print out the form
from link below) and supporting documentation directly to the main office of the
School of Administrative Studies (282 Atkinson) and add your ticket number to the
DSA form. The DSA and supporting documentation must be submitted no later
than five (5) business days from the date of the exam. These requests will be
considered on their merit and decisions will be made available by logging into the
same link as above: http://apps.eso.yorku.ca/apps/adms/deferredexams.nsf. No
individualized communication will be sent by the School to the students (no letter
or e-mails).
Check the SAS website http://www.yorku.ca/laps/sas/links.html for any updates to

the DSA registration process.

Students with approved DSAs will be able to write their deferred examination
during the Schools deferred examination period, which is normally held in the first
three weeks of the next semester. No further extensions of deferred exams shall
be granted. The format and covered content of the deferred examination may be
different from that of the originally scheduled examination. The deferred exam
may be closed book, cumulative and comprehensive and may include all
subjects/topics of the textbook whether they have been covered in class or not.
Any request for deferred standing on medical grounds must include an Attending
Physician's Statement form (see link below); a Doctors Note will not be
accepted.
Students are strongly encouraged to write the regular exam. Deferred students
typically get lower marks, and many fail.
It is the policy of the Admin Studies finance area that instructors will NOT sign a
DSA form if you miss both midterms and the final exam. Students in this situation
will need to petition for a deferred or a late withdrawal or some other remedy
appropriate to their circumstances.